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Gold Braces For Volatility Ahead of Yellen, Crude Oil Consolidates
Gold is hanging its hopes on a dovish address from Fed Chair Janet Yellen at Jackson Hole, while crude is left lacking direction with fundamental cues absent.
USD/CAD to Eye Downside Targets on Sticky Canada Core Inflation
Another uptick in Canada’s core rate of inflation may spur a larger correction in the USD/CAD as it boosts interest rate expectations.
Jackson Hole Symposium: Scenarios for the Dollar vs. Major Currencies
The British Pound stands out as a candidate for big-splash volatility as markets turn their full attention to commentary from the Jackson Hole Symposium.
Dollar Rally Cools Before Janet Yellen Takes the Stage at Jackson Hole
Chair Yellen is unlikely to share the fervor of her colleagues, but there has been a notable shift in the broader FOMC view towards hawkishness. As the central bank’s figure head, her comments could carry far more weight – especially if hawkish.
EUR/USD Vulnerable to Dovish Draghi- USD/JPY Carving Doji?
The Dow Jones-FXCM U.S. Dollar Index looks poised for a near-term correction, while the EUR/USD remains vulnerable as the ECB turns increasingly dovish.
EUR/USD Slide Continues but EUR Weakness Elsewhere Questionable
EURUSD and USDCHF are back in tandem, and while that mean a bit more EURUSD weakness as USDCHF tries for $0.9160, that doesn't mean that Euro has to weaken across the board.
Crude Oil Left Wanting For Bullish Cues, Gold Dumped As USD Gains
Gold and crude oil remain in a precarious position as the latest flare-up in the Iraqi turmoil fails to catalyze a recovery for the pair alongside broad-based USD strength.
GBP/USD Rebound Favored on Strong U.K. Retail Sales
A marked pickup in U.K. Retails Sales may generate a near-term rebound in the GBP/USD as it raises the outlook for growth and inflation.
Dollar Rally Forces EURUSD and USDJPY Breaks
The normally boilerplate FOMC minutes offered up a surprisingly hawkish lean and extended the US Dollar’s impressive run this week.
Make or Break Time for USDCHF- Rally Vulnerable Sub 9133
The USDCHF is vulnerable for a near-term pullback as the pair holds below key resistance. Here are the updated targets & invalidation levels.
USD/JPY Eyes April High Amid First Overbought Reading Since December
The Dow Jones-FXCM U.S. Dollar Index struggles to push back above former support, while the USD/JPY shows the first overbought reading since December 2013.
Hawkish FOMC Minutes to Fuel Bearish EUR/USD Sentiment
The FOMC Minutes may spark a further decline in the EUR/USD should the central bank show a greater willingness to normalize policy sooner rather than later.
USD Breakout Led by EUR/USD, USD/JPY - Bull Flags in USD/CAD, USD/CHF
The USDOLLAR Index's ability to break through and hold above the 10544 level proved to be the spring board we thought it to be last week, propelling it to fresh highs against its two largest traded counterparts.
Crude Braces For Volatility On Inventories, Gold Awaiting Fed Minutes
Crude oil is bracing for another round of volatility on the back of upcoming US inventories figures, while gold’s hopes hang on a dovish set of FOMC Minutes.
Dollar Rallies…Sans Traditional Fundamental Support
The US Dollar has soared over the past 24 hours. And yet, this move seems to draw a stark contrast to the fundamental backdrop.
British Pound May Be Squeezed Higher After BOE Meeting Minutes
The British Pound may be squeezed higher after hitting a four-month low yesterday following the release of minutes from Augusts’ Bank of England policy meeting.
AUDJPY Targets Key Resistance - Shorts Favored Sub 96.00
The recent rally in AUDJPY vulnerable as the pair targets a key inflection zone just below the 96-handle. Here are the updated targets & invalidation levels.
EUR/USD Descending Triangle in Play- USD/JPY Threatens Resistance
The Dow Jones-FXCM U.S. Dollar Index sits a key juncture, while the descending triangle formation in the EUR/USD favors the downside targets for the pair.
Next GBP Downturn Ready as ST Oversold Readings Cleared after CPI
GBPUSD is at an important crossroads then near $1.6656 following the UK CPI report Several of the other GBP-crosses are on the ropes this morning, too.
Crude Sees Corrective Bounce, Gold At Risk As Ukraine Concerns Fade
Crude may struggle to a sustain a recovery with supportive news flow lacking, meanwhile gold remains at risk as traders look past Ukrainian tensions.
Pound May Fall on Soft CPI Data But Follow-Through Could Be Lacking
The British Pound may decline if July’s UK inflation data falls short of expectations but downside follow-through could prove limited after six weeks of losses.
Dollar Needs Inflation to Sustain Break from Equities, Yields
In need of an intrinsic fundamental driver, the dollar is coming into key event risk today. The July consumer inflation (CPI) data is due at 12:30 GMT.
GBP/USD Weekly Opening Gap in Focus Ahead of U.K. CPI
The GBP/USD may close the weekly opening gap should the U.K.’s Consumer Price Index (CPI) drag on interest rate expectations.
AUD/USD Fails to Clear Former Support; Risks Lower-High on Dovish RBA
The Dow Jones-FXCM U.S. Dollar Index remains vulnerable to a larger pullback, while the AUD/USD sits at a critical juncture ahead of the RBA Minutes.
US Dollar at Special Risk of Pullback versus Euro and British Pound
The US Dollar trades in a tight price range versus the Euro and other major currencies, but here’s why we see growing risk of an important USD reversal.
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